15th Apr 2025 09:59
(Alliance News) - IntegraFin Holdings PLC on Tuesday reported strong second-quarter net inflows to its Transact investment platform and said it expects first-half revenue to increase by more than 9% in the first-half of financial 2025.
The London-based investment platform operator said net inflows in the three months to March 31 rose 50% to GBP1.2 billion from GBP800 million a year earlier. Gross inflows hit a "record" GBP2.7 billion, up 17% from GBP2.3 billion a year before.
Transact's funds under direction totalled GBP66.00 billion at March 31, flat from the start of the quarter but up 8.0% from a a year before, while average daily funds under direction reached GBP67.1 billion in the quarter, up 15% from GBP58.6 billion a year before.
IntegraFin said it expects revenue for the six months to March 31 to rise to around GBP77 million, up 9.4% from GBP70.4 million a year earlier.
It reiterated its full-year guidance and said administrative cost growth is expected to moderate to low to mid-single digits beyond the 2025 financial year.
Chief Executive Officer Alex Scott said: "Net inflows surpassed GBP1.2 billion for the quarter and increased by 53% from the prior year. Our track record of successfully delivering digitalisation updates for advisers and clients continues to attract strong inflows."
IntegraFin will report interim results on May 21. Shares were up 1.1% to 310.00 pence in London on Tuesday morning.
By Eva Castanedo, Alliance News reporter
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